Patrick Mahomes Net Worth: How He Become So Rich?

American football quarterback Patrick Mahomes represents the Kansas City Chiefs in the National Football League (NFL). He is among the NFL’s highest-paid and most marketable players. In Super Bowl LIV, the Chiefs won their first championship since 1970 after defeating the San Francisco 49ers under his leadership. This was the team’s first Super Bowl trip in 50 years.

What Is The Net Worth Of Patrick Mahomes?

Patrick Mahomes’ net worth is reportedly estimated at $40 million by Celebrity Net Worth. This includes the $555,000-per-year rookie salary he received from his contract with the Kansas City Chiefs.

He has now become the first professional athlete in the world to sign a deal for half a billion dollars after agreeing to a 10-year contract with the Chiefs. Mahomes can make up to $503 million if the contract is still in effect and it is expected to pay him $45 million every year. His revenues from endorsements are thought to be around $7 million.

Patrick Mahomes Net Worth
Patrick Mahomes Net Worth

What Is Patrick Mahomes Salary?

Mahomes is anticipated to earn an average of $45 million per year at the beginning of 2022 after signing a 10-year contract with the Chiefs. While having a cap hit of $35,793,381 and a dead cap value of $130,123,524, he is also paid a roster bonus of $27,400,000 and a workout incentive of $550,000 in 2022.

Patrick Mahomes Endorsement

Following his MVP season, Mahomes began to receive numerous endorsement offers. His first endorsement agreement was with Hunt. After that, he inked endorsement contracts with brands like Head & Shoulders, Adidas, Hy-Vee, State Farm and Essentia Water. Additionally, he was the first Chiefs player to appear on the Madden NFL 20 cover.

Along with Tom Brady, Mahomes is featured on the Madden NFL 22 cover. Patrick Mahomes is the brand ambassador for Oakley’s “Prizm Optics” range and the first NFL athlete to sign a contract with the firm. He is currently thought to make an additional $7 million a year on top of his reported salary.

Assets Of Patrick Mahomes

Driving a Ferrari 812 Superfast is Mahomes. His house is about 3,759 square feet in size. Mahomes’ residence is in a secluded, affluent neighborhood right in the middle of Kansas City. The mid-century home, which was built in 1953, is situated on a sizable green lot with room for the dogs to run around in the backyard. It has three bedrooms and is reportedly worth $1.9 million.

Patrick Mahomes Net Worth
Patrick Mahomes Net Worth

Patrick Mahomes Charity Work

The 15 and the Mahomies Foundation, a nonprofit run by Mahomes, is committed to enhancing children’s lives. He has raised his voice along with teammate Tyrann Mathieu and a number of other NFL players, to denounce police brutality and violence against black people in the country and to call for the league to acknowledge that it was wrong to silence Colin Kaepernick and Eric Reid for their protests while the National Anthem was being played.

In Kansas City, Mahomes and Tyrann Mathieu launched a voter registration initiative to get people registered to vote in the 2020 presidential election. He collaborated with his Chiefs teammates to encourage other players to vote while also supporting them. He also joined LeBron James‘ Rock the Vote campaign, which promotes voter registration and participation.

Investment Of Patrick Mahomes

Mahomes became a minority shareholder in the Kansas City Royals ownership group on July 28, 2020. Along with people like Kevin Durant, Eli Manning, and Rory McIlroy, he has invested in Whoop, a software unicorn.

Final Words

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